Fiscal resilience, fiscal sustainability and social infrastructure expenditure
The impact of social spending on fiscal health in Austrian local governments
Dados Bibliográficos
| ID | 20201799 |
|---|---|
| Autores | Tatjana Neuhuber (0000-0001-8715-3787, TU Wien), Michael Getzner (0000-0003-1088-2652, TU Wien), Johann Bröthaler (TU Wien) |
| Ano | 2025 |
| Volume | 37 |
| Fascículo | 6 |
| Páginas | 263-285 |
| Data de publicação | 2025-12-15 |
| Peer Reviewed | Sim |
| Open Access | Sim |
| Tipo | ARTICLE |
| Periódico | Journal of Public Budgeting Accounting & Financial Management (JOURNAL) |
| Identificadores do periódico | ISSN: 1096-3367 • E-ISSN: 1945-1814 |
| Editora | Emerald (PUBLISHER) |
| DOI | 10.1108/jpbafm-10-2024-0202 |
| OpenAlex | W4414227033 |
| Idioma | EN |
| Citações recebidas | 2 |
| Referências citadas | 81 |
Purpose This study investigates the relationship between fiscal resilience during the 2007/2008 financial crisis and subsequent fiscal sustainability in 2,093 Austrian local governments. It particularly focuses on spatial dependencies and the influence of social infrastructure expenditure on enhancing fiscal health. Design/methodology/approach A unique three-step approach is employed in this study. First, fiscal resilience is evaluated using a Spatial Cox Proportional Hazards Model. Second, the results from the Spatial Bayesian Cox Proportional-Hazards Model are utilized to estimate the level of fiscal resilience exhibited by each municipality during the crisis. Third, these results are integrated into a Spatial Durbin Model to assess longer-term fiscal sustainability and the spatial dependencies present. Findings The findings indicate strong interdependencies between short-term fiscal resilience and longer-term fiscal sustainability. Municipalities with higher fiscal resilience during the financial crisis demonstrate better fiscal health in subsequent years. Additionally, significant spatial dependencies are observed in both resilience and sustainability, with social infrastructure spending and sociodemographic factors influencing fiscal outcomes in the short and longer terms. Originality/value This study offers a novel approach by combining spatial econometric models to examine both fiscal resilience and sustainability while also focusing on the often-overlooked impact of social infrastructure expenditure. It provides new insights into the importance of spatial and social factors in maintaining fiscal health over time
Fiscal policy · Fiscal sustainability · Fiscal union · Interdependence · Psychological resilience · Spatial econometrics · Sustainability · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Local Government Finance and Decentralization
Strategic Interaction Among Governments
Budget spillovers and fiscal policy interdependence
The relationship between health expenditure indicators and economic growth in OECD countries
Understanding financial resilience from a resource-based view
Socio-economic and spatial determinants of municipal cultural spending
Governmental financial resilience during pandemics
Financial resilience of English local government in the aftermath of Covid-19
Long‐Term Fiscal Sustainability in Advanced Economies
Social Security Spending in Times of Crisis
Social resilience and welfare systems under Covid-19
Cost economies, urban patterns and population density
Unemployment, social protection spending and child poverty in the European Union during the Great Recession
Resist, Recover, Renew
Expenditure spillovers and fiscal interactions
Politico-Economic Determinants of Public Debt Growth
The role of intergovernmental aid in defining fiscal sustainability at the sub-national level
Spillover effects in local public spending
State and Local Fiscal Sustainability
Inter‐municipal Cooperation and Costs
Local Governments Managing Austerity
Governmental financial resilience under austerity in Austria, England and Italy
Managing the crises – how did local governments react to the financial crisis in 2008 and what explains the differences? The case of Swiss municipalities
Dealing with Austerity
Pragmatic municipalism or austerity urbanism? Understanding local government responses to fiscal stress
The Determinants of the Structure of Rainy Day Funds
The impact of demographic trends on local government financial reserves
Risk Factors and Drivers of Financial Sustainability in Local Government
Evaluating local government performance in times of crisis
Austerity and the path of least resistance
Intergovernmentalism and Its Limits
Financial Shocks and Financial Well-Being
The Resilience of EU Member States to the Financial and Economic Crisis
| Obras citantes distintas | 2 |
|---|---|
| Citações por ano | 2 |
| Intervalo de citações | 2025 - 2026 (2) |
| Velocidade de citação | current |
| Altamente citado | Não |
| Tipos de citação | Neutras: 2 |